Avalanche (AVAX) is trading around $6.65 after gaining over 3% this week, bouncing back from a recent low near $6.10. This uplift has injected some short-term confidence as buyers take control. Still, the weekly chart shows a bearish pattern, indicating a tug-of-war between immediate bullish momentum and longer-term resistance.
The cryptocurrency’s next move depends heavily on the weekly closing price, which will either confirm the breakout or reinforce the downtrend. Traders are watching closely, as breaking above this threshold could open the door to further gains.
